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Market Governance

Definition

Market Governance describes the framework of rules, processes, and decision-making mechanisms that direct the operation and evolution of decentralized markets or digital asset ecosystems. This includes how participants propose, vote on, and implement changes to protocol parameters, fee structures, or operational policies. Effective market governance is crucial for maintaining network stability, adapting to new challenges, and ensuring fairness among stakeholders. It provides a structure for collective decision-making in distributed systems.